Tax Payments Authorized By Bitpay For BCH And BTC

Bitpay is a well-known crypto payment processor. Bitpay recently announced an agreement with Joel M. Greenberg, Florida’s Seminole County Tax Collector. This agreement allows the use of Bitcoin Cash and Bitcoin Core to pay taxes, starting this summer. The county’s inhabitants now have the possibility to pay for driver’s licenses, ID cards, property taxes with cryptos.

The County’s Tax Collector, Joel m. Greenberg said; “We live in a world where technology has made access to services on demand, with same-day delivery and the expectation of highly efficient customer service and we should expect the same from our government. The aim of my tenure in office is to make our customer experience faster, smarter, and more efficient, and to bring government services from the 18th century into the 21st century and one way is the addition of cryptocurrency to our payment options.”

There is no need trying to know whether cryptocurrency is moral or immoral, it is an “amoral” technology, an effective tool, that can serve different purposes: terrorism, vacation gateways, housing and now, tax payments. Like their habit is, governments are usually reluctant to innovation unless it has to do with revenue collection, in that case, they are very sharp and alert. Paying taxes by debit or credit is a method that has been for some time. But with that payment method, processors were usually taking a big cut. With the onset of crypto and the Bitpay Visa, no more discontent: it is a win-win experience for all parties.

Jeremie Beaudry, Head of Compliance at Bitpay said: “Bitpay was started because we recognized the potential for blockchain to revolutionize the financial industry, making payments faster, more secure, and less expensive on a global scale. With the Seminole County Tax Collector’s office, we have engaged our first government agency to accept bitcoin and bitcoin cash by making it easy and seamless for them.”

Bitpay and Seminole County have agreed to let bitcoin cash and bitcoin core for almost everything: car tags and titles, licenses and property taxes.

Using Bitpay for tax payment, the county receives its money by the following business day directly into the account in fiat. Bitpay’s press release emphasized on the fact that through a “push transaction, the user sends the exact amount of bitcoin or bitcoin cash needed to pay the bill. This eliminates traditional credit card fraud and identity theft risks associated with credit cards.”